Genting Singapore

Investing ideas

Low prices, possible turnaround mean Genting Singapore investors could soon hit the jackpot

SINGAPORE (Feb 14): Since the onset of the Covid-19 virus, Genting Singapore’s (GENS) share price has fallen some 6.9% as investors feared the worst for the hospitality and entertainment sector. 

Broker's Calls

Genting Singapore takes a hit from coronavirus outbreak, but the tables could soon turn

SINGAPORE (Feb 11): Genting Singapore (GENS) appears to be one of the companies badly hit by the outbreak of the novel coronavirus (2019-nCoV). Since Jan 20, the counter has plunged 9.5%. 

Global Economy

Briefs

Quoteworthy: "You've waited 20 years, extending six months doesn't actually matter." — Malaysia's Anwar Ibrahim, on waiting beyond the initially agreed May deadline to ta

Corporate moves

Genting Singapore will not tap shareholders for Japan IR bid

SINGAPORE (Feb 4): Genting Singapore has won overwhelming approval from shareholders to spend up to US$10 billion to invest in a possible new project in Japan. 

Results

Genting Singapore posts 24% drop in 3Q earnings to $159 mil on lower gaming revenue

SINGAPORE (Nov 7): Genting Singapore (GENS) reported earnings of $158.9 million for 3Q19 ended September, some 24% lower than $210.4 million a year ago. 

Investing ideas

Which REIT will benefit from the transformation of Greater Southern Waterfront?

SINGAPORE (Aug 20): Singapore is pushing up its plans to transform the Greater Southern Waterfront (GSW) into the next trendy place to live, work and play.

Corporate moves

Genting Singapore independent director Koh sells all his shares — as is his usual practice

SINGAPORE (May 20): Genting Singapore independent director Koh Seow Chuan has been a board member since 2008.

Results

Genting Singapore posts 5% drop in 1Q earnings to $205.5 mil on lower gaming revenue

SINGAPORE (May 9): Genting Singapore (GENS) reported 1Q19 earnings fell 5% to $205.5 million from $217.2 million in 1Q18.

Singapore economy

Genting Singapore inks new deal for $4.5 bil expansion of Resorts World Sentosa; exclusivity period for IR extended to end-2030

SINGAPORE (Apr 3): Genting Singapore is committing to an investment of some $4.5 billion for the expansion of the integrated resort (IR) at Resorts World Sentosa (RWS), which will see the property

Broker's Calls

Genting Singapore's outlook unmarred by slight earnings disappointment, according to analysts

SINGAPORE (Feb 22): Maybank Kim Eng, OCBC Investment Research, RHB Research and CGS-CIMB Research are maintaining their “buy” calls on Genting Singapore (GENS) with the respective target prices of

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